Friday, July 26, 2013

White House: No Fed Chair Pick Until the Fall

Oh great, many more weeks of speculation as to who will be the next US money printer.

The White House says President Obama is not expected to name a new chairman of the Federal Reserve until the fall, reports AP.

A senior official says the president has not made a decision on who will replace current Fed chairman Ben Bernanke. His term expires early next year.

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